USDA's January reports are always a big deal for grain traders and today's data dump from the government should offer plenty of numbers to chew on. In addition to final 2013 corn and soybean production estimates, the agency updates Dec. 1 grain stocks and world supply and demand balance sheets. Grain futures traded mixed overnight, with the big news breaking at 11 a.m. Chicago time.
Listen to the report using the audio link on this page.
Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.